Cash flow numbers will ideally be at $150-$200 per rental unit.

If you found the ideal property for this type of niche, what would be your first step in seeking out a business operator who would rent the property from you for any of the above purposes?

Not ideal, but the current owner has had health issues that have deterred from fully leasing the building.

I wouldn't be in a hurry to pay off my primary. 7% isn't ideal, but you can get more return in the stock market.

If the tenant calls and says my door lock don’t work I deal with it nor I call a handyman.  

3 Bed 2 Bath appeals to a large segment of the public, and ideally a family - ussually they stay for longer in the property.

3 Bed 2 Bath appeals to a large segment of the public, and ideally a family - ussually they stay for longer in the property.

A lot of my friends and other new grad young professionals seem to congregate in areas like Midtown and lower Manhattan or in Williamsburg/Bushwick and Downtown Brooklyn.I know house hacking isn't impossible in NYC, but my most ideal areas with people my age and high traffic are also everyone else's ideal places to live, and are much harder to house hack.

Hey Johnny,I have moved to the Danville Area and sounds like I am in the same position you was in at the time of writing the post - i am searching for my first deal (looking for multi family) ideally in Danville.How did your first deal go?

As a private money lender, I'm curious to hear what makes an ideal lending relationship for you and how I can better support investors looking for flexible and fast funding solutions.